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We’ve had an exciting month in our Joplin, Mo., region with ribbon cutting ceremonies for six branches! The new branches in Missouri are located in the following cities: Monett, Nevada, Joplin, Carthage and Lockwood. The sixth new branch in the region is in Pittsburg, Kan. The branches officially opened their doors in March and have been eager to get involved in the local community. Here are the specifics on each branch.

Arvest Bank announced the addition of 29 Bank of America locations, including certain deposit accounts and loans associated with these locations. Regulatory approvals have been received and now these locations, certain deposits and loans will transition to Arvest at the close of business on Friday, March 22, 2013. The press release below gives additional details about the closing announcement.

For more information about the transition, please visit our Bank of America customer welcome page.

FAYETTEVILLE, Ark.–-In December 2012, Arvest Bank entered into an agreement with Bank of America to purchase twenty-nine locations and certain deposit accounts and loans associated with those locations. Today, Arvest announces that this acquisition is set to close at the end of business on March 22, 2013, with the vast majority of impacted branches to open on Monday, March 25, as Arvest Bank branches. All acquired locations are within or near existing Arvest markets.

The purchase has received regulatory approvals, and will close on March 22, 2013. Arvest will take ownership of eighteen Bank of America branch locations, as well as lease obligations for eleven other branch locations. They will also gain most deposit accounts such as checking, savings, IRAs and CDs belonging to consumer and small business customers who live in the local area and are serviced at these locations. The transaction does not include credit card, mortgage, brokerage or trust accounts.

Bank of America locations included in this agreement in Arkansas include Harrison, Hot Springs, Hot Springs Village, Mountain Home and Russellville; communities in Missouri include Aurora, Branson, Branson West, Carthage, Cassville, Forsyth, Joplin, Lebanon, Lockwood, Monett, Mountain Grove, Neosho, Nevada, Shell Knob and West Plains; communities in Oklahoma include Muskogee and Tahlequah; and in Kansas the community included is Pittsburg.

Arvest considers the addition of these branches and customer relationships within its existing footprint a strong indicator of the bank’s commitment to community banking. Arvest Bank expects many Bank of America employees to transition to the company.

Arvest Bank celebrated the announcement of their new Fayetteville, Ark. branch location with a ceremonial groundbreaking on December 20, 2012. Elected officials, community leaders and Arvest Bank associates gathered that morning to welcome the start of construction for the branch bank at 2389 North College Avenue. The branch is estimated to be completed sometime in October 2013.

“We are so happy to see work begin on our new location,” said Donny Story, President of Arvest Bank in Fayetteville. “Our customers and associates will appreciate the much needed space and added convenience. We simply outgrew the old location.”

The new branch will replace the Arvest branch at 1947 North College Avenue. That building, then a McIlroy Bank, first opened on December 10, 1962, and contained the first drive-through window in Fayetteville. It was last renovated and expanded in 1994 with 3,150 square feet. Arvest Bank acquired McIlroy Bank in 1986.

The Township branch will have approximately 6,250 square feet when completed. Designed by Wittenberg, Delony and Davidson Architects, it is being constructed to U.S. Green Building Council’s Leadership in Energy and Environmental Design standards. Among the features designed into the building are LED lighting, extensive use of recycled materials, reflective roofing materials, and drought-tolerant native landscape design.

CDI Contractors is the construction company for this project. Grey Rock, HSA Engineers and Engineering Consultants Inc. are the engineering firms.

Fayetteville, Ark. - Arvest Bank announced today it has entered into an agreement with Bank of America Corporation (NYSE: BAC), to purchase twenty-nine banking locations and the deposit accounts and certain loans associated with those locations. The locations being acquired are all within or close to existing Arvest markets.

The purchase is subject to receiving regulatory approvals, which are expected in the first quarter of 2013. Under the agreement, Arvest will purchase certain assets, including eighteen branch locations owned by Bank of America, most deposit accounts such as checking, savings, IRAs and CDs belonging to households and small business customers who live in the local area and are conveniently serviced at these locations, as well as lease obligations for eleven other branch locations. The transaction does not include credit card, mortgage, brokerage or trust accounts.

Arvest considers the purchase of branches and customer accounts within its existing footprint a strong indicator of the bank’s commitment to community banking. In addition to growing the number of branches in Arvest’s existing footprint, this transaction will establish Arvest in twelve new communities close to existing markets. Each of these new locations will join one of Arvest’s locally-managed community markets once regulatory approvals are finalized and the transition is completed.

Bank of America locations involved in this agreement in Arkansas include Harrison, Hot Springs, Hot Springs Village, Mountain Home and Russellville; communities in Missouri include Aurora, Branson, Branson West, Carthage, Cassville, Forsyth, Joplin, Lebanon, Lockwood, Monett, Mountain Grove, Neosho, Nevada, Shell Knob and West Plains; communities in Oklahoma include Muskogee and Tahlequah; and in Kansas the community included is Pittsburg.

Of the twenty-two communities involved, eighteen currently have one Bank of America location. In the other four communities – Hot Springs, Russellville, Tahlequah and Muskogee – there are multiple locations being acquired.

Arvest Bank is working closely with Bank of America to ensure a seamless transition for both customers and employees. Once the transaction is complete, Arvest Bank expects many Bank of America employees to transition to the company and keep their current positions.

Bank of America customers whose accounts are assigned to these specific branch locations do not need to do anything at this time. They should continue to use their current Bank of America checks, debit cards and other products and services until they are contacted by Bank of America and then subsequently by Arvest Bank after the transaction is approved.

Customers of these Bank of America locations can learn more by visiting our Welcome Page. Below is a listing of each individual location involved in the deal.

Just a little over a month ago, Arvest Bank finalized its purchase of Union Bank, adding 10 new branches to the Arvest Bank network. Today, the 10 newly-added branches extended their hours, many of which will be offering 12-hour weekday banking like most other Arvest Bank branches throughout Greater Kansas City. Please see the official release below for details.

Mission, Ks., (August 1, 2012)— Arvest Bank recently announced the expansion of its Kansas City area network to 18 branches and starting today, the newest Arvest Bank locations will also begin offering extended hours to its customers. Arvest Bank began introducing extended hours at its Greater Kansas City locations in April 2010, and the addition of the new branches will provide customers with even more 12-hour weekday banking options.

“We try to make banking as convenient as possible for our customers. The extended hours take the pressure off making a deposit or other transactions before 5 p.m. Most customers do not get off work until five, and with the extended hours, they will be able to conduct their bank business during a time that works better for their schedule,” Lynn Anderson, executive vice president, said.

With this extension, the cut-off deposit time at each location also moves until close. All deposits will post on the same day customers make their deposits.

“We are focused on providing the best services to our customers. This is just one way we make it easy for customers to bank with Arvest,” Anderson continues.

The extended hours will take effect today, August 1, 2012, and will be as follows:

Investment products and services are provided by Arvest Investments, Inc., doing business as Arvest Asset Management, member FINRA/SIPC, an SEC registered investment adviser and a subsidiary of Arvest Bank. Trust services are provided by Arvest Bank. Insurance products are made available through Arvest Insurance, Inc., which is registered as an insurance agency. Insurance products are marketed through Arvest Insurance, Inc., but are underwritten by insurance companies.
Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency, May Lose Value, Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate.